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Roth 401(k) – Is It Right for You?

First, let’s define a Roth 401(k) and how it works. It is an employer-sponsored investment account that is funded with after-tax money up to a contribution limit. The amount you are able to contribute each year is dependent on your age. In 2016, the maximum annual contribution limit for people below age 50 is $18,000. For those over the age of 50, you may contribute up to $24,000 through a “catch-up” contribution. Of course, each employer may establish lower limits, based on their needs and testing requirements. Below are some commonly asked questions about the Roth 401(k).

What’s the difference…

Girard Insights: October Market Commentary

In October, we saw the market rebound from the recent summer sell-off with equities yielding its best return in four years. The S&P 500 rose almost 8.3%, the Dow Jones Industrial Average gained 8.5%, and the NASDAQ soared nearly 9.4%.  Emerging markets also rebounded, rallying 6.8% in October, which in turn, eased fears of recessions abroad. A slight recovery in oil prices and diminished concerns regarding China’s slowdown helped to support October’s gains.

On the economic front, we saw the initial reading on the third quarter’s Gross Domestic Product growth was a mild 1.5% compared to a final growth reading…

Girard Insights: January in Review

Over the holiday season, we saw the Dow finish up the year at 7.5%, the S&P 500 rose 11.4%, and NASDAQ soared 13.4%. 2014 was the third straight year that the S&P 500 scored double-digit gains. A winning streak like this has not occurred since the late 1990s. Since the start of the year, we have experienced volatility in the market with the Dow shedding 3.7%, the S&P 500 down 3.1%, and NASDAQ dropping 2.1%. Most affected by the increased volatility was the energy sector.

What caused the market volatility? It can be attributed to several factors including the drop…

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